Shell Share Discussion Threads

[waldron] 26/10/2020 22:52

Zeta becomes a hurricane as it nears Yucatan, heads for U.S.
Published Mon, Oct 26 20205:32 AM EDTUpdated 3 Hours Ago
The Associated Press
Key Points

Zeta strengthened to a hurricane Monday afternoon as it continued on a track for Mexico’s Yucatan Peninsula resorts and then likely move on for a possible landfall on the central U.S. Gulf Coast at midweek.
Zeta — the earliest ever 27th named storm of the Atlantic season — was centered about 105 miles (170 kilometers) southeast of Cozumel island Monday afternoon, the U.S. National Hurricane Center said. It had maximum sustained winds of 80 mph (130 kph).

[la forge] 26/10/2020 19:01

Gulf of Mexico oil workers pull out as another tropical storm heads toward rigs
Oct. 26, 2020 2:29 PM ET|About: BP p.l.c. (BP)|By: Carl Surran, SA News Editor

Oil producers are evacuating offshore production platforms in the U.S. Gulf of Mexico, as Tropical Storm Zeta strengthens and looks likely to threaten the U.S. later this week as a hurricane.

BP, BHP, Chevron (NYSE:CVX), Equinor (NYSE:EQNR) and Royal Dutch Shell (RDS.A, RDS.B) began withdrawing staff from their U.S. Gulf of Mexico offshore facilities.

BP says it has started to shut-in production at its GoM platforms and assets; Shell has paused some offshore drilling in the area and is limiting movement of non-essential personnel to offshore platforms.

BHP is evacuating non-essential workers from the Shenzi and Neptune offshore production platforms, and Equinor is shutting production on the Titan platform.

Enbridge (NYSE:ENB) reportedly has declared a force majeure event for some of its assets in the Gulf.

[waldron] 26/10/2020 17:38

Dow falls 900 points as average daily coronavirus cases hit record high

Published Sun, Oct 25 20206:03 PM EDT

Updated 10 Min Ago

Fred Imbert
@foimbert
Yun Li
@YunLi626

[grupo guitarlumber] 26/10/2020 08:53

TROPICAL STORM ZETA

[buywell3] 26/10/2020 08:32

Pumping such gas in reservoirs under the seas is buywell thinks akin to sweeping dust and dirt under a carpet

It doesn't disappear or go away and gas under the sea will like water always find a way to flow from a higher pressure to a lower pressure or rise to the surface

A case of out of sigh out of mind

These noxious gases should be treated above ground and neutralized

[la forge] 26/10/2020 08:26

BP PLC said Monday that it is partnering with ENI Spa, Equinor ASA, National Grid PLC, Royal Dutch Shell PLC and Total SE to develop carbon-dioxide transport and storage infrastructure in the U.K. North Sea.

The FTSE 100 oil giant said the offshore infrastructure will serve the proposed Net Zero Teeside and Zero Carbon Humber decarbonization projects in England.

The partnership, named the Northern Endurance Partnership, has submitted a bid for government funding to develop an offshore pipeline network to transport captured CO2 emissions from both NZT and ZCH, to be stored in geological sites beneath the U.K. North Sea. The funds that are being sought are part of the 170 million-pound ($221.7 million) Industrial Decarbonisation Challenge, a component of the U.K. government's clean growth strategy.

BP said it will lead the Northern Endurance Partnership as operator, with teams drawing on expertise from across all the partners.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

October 26, 2020 03:57 ET (07:57 GMT)

[la forge] 26/10/2020 08:07

October 29, 2020 Third quarter 2020 results and third quarter 2020 interim dividend announcement

[buywell3] 26/10/2020 08:05

Have you guys ever thought about just how unethical investing in OIL is ?


Particulates from diesel fuel are killing and causing major brain damage to children and unborn babies in all countries

You are supporting this outcome by buying OIL related shares and products


Read this ... diesel fuel from 1 42 gallon barrel of crude oil = 73%



''In 2017, refineries in the United States produced an average of about 20 gallons of motor gasoline and about 11 gallons of ultra-low sulfur distillate fuel oil (most of which is sold as diesel fuel and in several states as heating oil) from one 42-gallon barrel of crude oil.''

Don't say you didn't know because you do now


Diesel fumes collect in children's brains | Daily Mail Online

Jun 9, 2017 - Damage from particles in diesel emissions starts in early teens, they said. ... In one child, a 14-year-old girl from south-east Mexico City, they ...

Hasselt University: Diesel fumes harm children in the womb | Daily ...

Oct 16, 2017 - When each child was born, they took blood samples from the ... Short and long term exposure to the particles increase the likelihood of ...

Air pollution more harmful to children in cars than outside, warns top ...

Jun 12, 2017 - Exclusive: Walking or cycling to school is better for children's health as cars are 'boxes collecting ... Baby boy (6-9 months) sleeping in car seat .... chief scientific adviser, to buy diesel cars because they have lower carbon dioxide emissions. ..... This is much faster acting than the danger from particulates.

Children exposed to 30% more pollution than adults on walk to school ...

Jun 21, 2018 - Primary school children are being exposed to 30 per cent more ... nitrogen oxide (NOx), nitrogen dioxide (NO2) and diesel particulates ... Unicef said of the 20 local authorities with the largest proportion of babies living in them, ...

Asthma in Children: Effects of Exposure to Diesel Exhaust Particles ...
www.theglobalfool.com/asthma-in-children-effects-of-exposure-to-diesel-exhaust-particles/
Oct 12, 2013 - Asthma in Children: Effects of Exposure to Diesel Exhaust Particles. Diesel exhaust particles are one of the major components of air pollution. These particles are suspended in the air, and are microscopic — less than one-fifth the thickness of a human hair. As we breathe, they are drawn deep into the lungs.

Traffic pollution is a greater threat to babies in prams, study finds | Irish ...

Aug 14, 2018 - Ultrafine particles chiefly produced by diesel engines are known to ... of young children but only a handful have focused on in-pram babies.

Investigation into pedestrian exposure to near-vehicle exhaust ...

by NA Buzzard - ‎2009 - ‎Cited by 23 - ‎Related articles
Inhalation of diesel particulate matter (DPM) is known to have a negative impact on ... Finally, it was determined that children, infants, or people breathing at ...

The Environmental Protection Agency Funded Diesel Experiments on ...

Jan 23, 2015 - The Environmental Protection Agency Funded Diesel Experiments on ... (USC), in which child volunteers were exposed to diesel soot particles.

Traffic pollution prevents children's brains from reaching their full ...
› Earth › Environment
Jul 17, 2017 - Traffic pollution in cities can stall children's brain development and stop ... to tiny particles released from vehicles, especially diesel engines. ... find that a high-pollution day before a test could even effect a child's performance.

[waldron] 26/10/2020 07:17

European markets set for lower open as coronavirus resurgence weighs

Published Mon, Oct 26 20203:01 AM EDT

Elliot Smith
@ElliotSmithCNBC

Key Points

The resurgence of the coronavirus in Europe has continued apace in recent days, with France reporting a record daily rise in new infections on Sunday, Italy ordering bars to close early and shutting public gyms and Spain issuing a nationwide curfew to stem a worsening outbreak.

LONDON — European markets are heading for a lower open Monday as surging coronavirus cases throughout the continent and a stalemate over U.S. fiscal stimulus continue to weigh on sentiment.

Britain’s FTSE 100 is seen around 44 points lower at 5,816, Germany’s DAX is set to plunge by around 202 points to 12,444 and France’s CAC 40 is expected to shed around 58 points to open at 5,852, according to IG data.

[waldron] 25/10/2020 17:50

HERALDSCOTLAND.COM




48 mins ago
Britain's two biggest oil companies set to update shareholders | Pandemic's impact on young people

By Brian Donnelly @BrianDonnellyHT Business Correspondent

In this week's Monday Interview, Scott Wright writes that Kate Still, director for The Prince’s Trust in Scotland, does not sugar coat the impact the coronavirus pandemic is having on young people, the very citizens the charity exists to support.

Ms Still notes that older and vulnerable people have sadly borne the brunt of the physical fall-out from Covid-19, as the grim and still-rising death toll tragically shows. But the effects on the younger generation are very real, too. And, Ms Still says, there is a danger that they could be long standing unless we are careful.

In Guy Stenhouse's Business Voices on Monday, he puts it to the reader: "The real constitutional question is whether Scotland should remain in the United Kingdom or leave it. Do we separate or not?"

Lance Gauld, of Cloud Cover IT in Bridgeton, Glasgow, says in Mark Williamson''s SME Focus: "During lockdown we secured innovation funding enabling us to complete exciting new products that we feel will have worldwide sales potential and directly respond to the new challenges businesses are facing."

See our business section on Monday for the full articles.

Business Week: Six by Nico restaurant launches UK-wide food and drink home delivery e-commerce platform | Eusebi's Glasgow wins court battle to stay open

Also this week, Britain's two biggest oil companies are set to update shareholders next week amid a low oil price and a race to reduce emissions.

Investors will be leafing through BP's results on Tuesday, while Shell will present how its third quarter went two days later.

Shares in both have cratered during 2020, as oil prices fell to record lows at one point at the beginning of the pandemic.

At one point sellers were paying buyers as much as 37.63 dollars to take a barrel of West Texas Intermediate oil off their hands, amid fears that storage space would run out for the crude in April.

Brent crude, the standard that is more commonly used in Britain, never turned negative but dropped to below 19 dollars per barrel.

Months later, both Shell and BP wrote off billions of dollars worth of assets after reducing the book value of the oil they still have in the ground.

"The focus (for BP) is now on getting the most out of its remaining oil fields while investing in a low carbon future, and given the rather precarious state of the balance sheet, it's a very tricky manoeuvre to pull off," said Susannah Streeter, a senior investment and markets analyst at Hargreaves Lansdown.

Chief executive Bernard Looney set out his views on climate change as he took the reins in February, promising to make the company net zero by mid-century.

He fleshed out his ideas in August when the company presented its most recent set of financial results and cut its dividend for the first time in a decade.

The company will cut its oil and gas production by 40% before 2030, and invest five billion US dollars a year (£3.8 billion) in low-carbon projects as it tries to reposition from a dirty fuel company.

Shell was also forced to cut dividends, for the first time since the end of the Second World War, earlier this year.

"Royal Dutch Shell is another FTSE 100 company that has faced difficulties since the markets dropped in March," said analysts at the Share Centre.

The oil price may have recovered from its April low, but it's still almost 40% below where it was a year ago, and Shell's shares have dropped to levels not seen in 25 years.

"The economic impact of the Covid-19 pandemic came on top of a failure by the Saudis to agree an oil production cut with Russia."

They added: "Investors will be hoping there is light at the end of the tunnel."

[waldron] 25/10/2020 16:31

Shell has begun a search for a new chairman, with Andrew Mackenzie, the former BHP Billiton boss, emerging as an early front-runner The Anglo-Dutch oil major is seeking a replacement for the incumbent Charles Holliday to help steer it through a tricky shift away from fossil fuels, following its first dividend cut since the Second World War earlier this year. City sources expect Mr Mackenzie, who joined the Shell board as a non-executive director at the start of this month, to be promoted to chairman. - Sunday Telegraph

[la forge] 25/10/2020 07:31

The Guardian
Investors fear there'll be no bright post-Covid dawn for oil majors
Jillian Ambrose
Sun, 25 October 2020, 1:05 am CEST·3-min read

The oil market may have heaved itself out of the darkness of “Black April” but investors are far from convinced that major oil companies will walk away unscathed from the coronavirus pandemic.

Royal Dutch Shell and BP will both face investors this week with quarterly financial results that will deliver profits well below those achieved a year ago, against a backdrop of tumbling share prices and rising Covid infections across major economies.

On Tuesday, BP is expected to report an underlying loss of $120m for the last quarter, according to analysts’ estimates. This would be a major improvement on its underlying loss of $6.7bn in the second quarter, following heavy writedowns on the company’s exploration business, but would still be well below the $2.3bn third-quarter profit reported in 2019.

BP’s announcement will come days after its share price fell below 200p a share for the first time since 1994, and months after the company cut its dividend for the first time since the Deepwater Horizon oil spill and set out plans to cut 10,000 jobs.

In the same week, Shell is expected to reveal a modest underlying profit, of $146m, for the third quarter, according to analysts, after plunging to a loss of $18.4bn for the second quarter. This is still a fraction of the $4.76bn profit recorded in the same quarter last year, and follows the company’s decision to cut 9,000 jobs and reduce the dividend for the first time since the second world war.

This trend is expected to be followed across the world’s oil companies, tracking the fragile and uncertain recovery of global oil markets amid a second wave of coronavirus infections. The price of oil reached an average of $43 a barrel in the third quarter – stronger than the average of $30 a barrel in the second quarter, when US oil prices fell below zero for the first time in April – but still well below the $62 a barrel price that prevailed in the third quarter a year ago.

[waldron] 23/10/2020 17:34

Brent Crude Oil NYMEX 41.96 -1.11%
Gasoline NYMEX 1.13 -1.39%
Natural Gas NYMEX 3.22 -1.26%
WTI 40.129 USD -1.02%

FTSE 100
5,860.28 +1.29%
Dow Jones
28,252.21 -0.39%
CAC 40
4,909.64 +1.20%
SBF 120
3,894.66 +1.14%
Euro STOXX 50
3,198.86 +0.91%
DAX
12,645.75 +0.82%
Ftse Mib
19,215.9 +0.73%



Eni
6.444 +1.62%

Total
28.08 +1.67%


Engie
11.365 +1.38%

Orange
9.518 +1.86%

Bp
205.5 +2.04%

Vodafone
112.6 +3.53%

Royal Dutch Shell A
971.8 +2.47%


Royal Dutch Shell B
940.6 +2.84%


Tullow Oil (TLW)
21.63 1.83 (9.24%)

[sarkasm] 23/10/2020 10:49

European markets gain as investors watch U.S. stimulus, earnings; banks up 3%
Published Fri, Oct 23 20202:04 AM EDTUpdated 2 Hours Ago
Elliot Smith
@ElliotSmithCNBC
Key Points

House Speaker Nancy Pelosi signaled that she and Treasury Secretary Steven Mnuchin were “just about there” in discussions over a new coronavirus aid bill.
Barclays on Friday reported a net profit of £611 million ($797.7 million) for the third quarter, more than double analyst expectations of £273.5 million, in part due to a sharp reduction in coronavirus-related impairment charges.


ALMOST THERE

[grupo guitarlumber] 23/10/2020 09:53

netcurtains
23 Oct '20 - 09:36 - 2642 of 2642
0 0 0
Do you think (short term) Shell could break back past 1000? (eg within a month)?

first lets list some impacts

US election outcome

Economic help U.S. stimulus

will dividends payments be used to buy more shares

what price energy

virus impacts

if there is an upward trend then a 10pc plus gain might well be on the cards imo

[netcurtains] 23/10/2020 09:36

Do you think (short term) Shell could break back past 1000? (eg within a month)?

[waldron] 23/10/2020 07:39

European markets poised to inch higher as investors watch U.S. stimulus, earnings

Published Fri, Oct 23 20202:04 AM EDT

Elliot Smith
@ElliotSmithCNBC

Key Points

House Speaker Nancy Pelosi signaled that she and Treasury Secretary Steven Mnuchin were “just about there” in discussions over a new coronavirus aid bill.

Third-quarter corporate earnings releases before the bell Friday come from Barclays, Renault, Schneider, Daimler and ABB among others.

European markets are heading for a slightly higher open Friday morning as investors monitor signs of progress towards a U.S. stimulus deal and the continuing resurgence of the coronavirus.

Britain’s FTSE 100 is seen opening around 17 points higher at 5,802, Germany’s DAX is expected to climb by around 34 points to 12,577 and France’s CAC 40 is set to gain around 11 points to 4,862, according to IG data.

[la forge] 22/10/2020 16:18

CITYA.M.


Thursday 22 October 2020 3:54 pm
Shell makes surprise bid for Post Office broadband division
James Warrington
The Post Office has hired advisers to oversee a sale of its telecoms arm

Oil giant Shell is said to have made a surprise entry into the race to snap up the Post Office’s telecoms division, paving the way for a potential shake-up of the UK broadband market.

The FTSE 100 company already has a presence in the telecoms market after taking control of energy and broadband provider First Utility in 2018.

Read more: Post Office in talks over sale of telecoms division

But it is now one of three remaining bidders for the Post Office’s telecoms arm, Sky News reported.

Media behemoth Sky and broadband firm Talktalk are also said to be in the running in the auction process.

The Post Office has tapped bankers at PJT Partners to oversee the sale of its telecoms division, which has half a million customers and is expected to fetch more than £100m.

But while Sky and Talktalk could be seen as natural bidders for the business, a successful bid from Shell could pave the way for a major new player in the market.

Shell Energy Retail currently has 130,000 broadband customers in the UK, as well as 870,000 energy accounts, as a result of its takeover of First Utility.

A takeover of the Post Office’s operations would therefore mark a huge expansion in its customer base, though it would still be well behind Sky and Talktalk.



In addition to the telecoms sale, the Post Office has also appointed Fenchurch Advisory Partners to conduct a strategic review of its insurance business.

The sales mark a first major shake-up by chief executive Nick Read, who ordered a comprehensive review of the company after taking over last year.

Shell and Sky declined to comment. Talktalk has been contacted for comment.

[la forge] 22/10/2020 15:18

--Royal Dutch Shell is competing with Sky and TalkTalk to acquire the U.K. Post Office's broadband and telecoms customer base, Sky News reported on Thursday.

--The publicly-owned mail company is expecting a price of GBP100 million for the business, Sky News said.

--The Post Office telecoms business has roughly 500,000 customers, while Shell already has 130,000 U.K. broadband customers via its takeover of First Utility in 2018, according to Sky News.



Full story:



Write to Barcelona editors at [e-mail]



(END) Dow Jones Newswires

October 22, 2020 09:57 ET (13:57 GMT)

[grupo guitarlumber] 22/10/2020 10:26

October 29, 2020 Third quarter 2020 results and third quarter 2020 interim dividend announcement